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Rebate under 87A - STCG right to property

Tax queries 311 views 2 replies

I have a query 

Pension income 3lakh
STCG on sale of under construction property 7 lakh before possession flat that is

Is it included as in TI which gets taxed at slab rate and would it fall under ambit of 87A rebate? in total making tax liability NIL ? Reading conflicting views on this one 

Replies (2)

It will be taxes at slab rate. Rebate u/s. 87A not applicable.

SEC 87A IS A SEPERATE SECTION.


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